Common use of Effect of Closing an Account Clause in Contracts

Effect of Closing an Account. For this type of account, if an account is closed prior to November 1, the anniversary date, accruer d dividends will not be credited to the account. During any month, you may not make more than six withdrawals or transfers to another credit union account/sub account of yours, or to a third party by means of a preauthorized, automatic, or computer transfer, or telephonic order or instruction. All transactions of this type beyond the limitations will be declined.

Effect of Closing an Account. For this type of account, if an account is closed prior to November 1the last Friday of October, the anniversary date, accruer d accrued dividends will not be credited to the account. During any month, you may not make more than six withdrawals or transfers to another credit union account/sub account of yours, or to a third party by means of a preauthorized, automatic, or computer transfer, or telephonic order or instruction. All transactions of this type beyond If you exceed the transfer limitations set forth above, your account will be declinedsubject to excessive transaction fees or closure by the credit union.